Question 3.12 - Prepare a multiple-step income statement for Jack Rabbit, Inc. from the single-step statement provided on Page 146 and answer the following questions using the multiple-step statement. a. The gross profit. b. Operating profit. c. Other income (expense) total. 1/3 12. Prepare a multiple-step income statement for Jackrabbit Inc. step statement. p income statement for Jackrabbit Inc. from the following single- Net sales Gain on sale of equipment Interest income $1,840,000 15,000 13,000 1,868,000 Costs and expenses: Cost of goods sold Selling expenses General and administrative expenses Depreciation Equity losses Interest expense Income tax expense Net income 1,072,000 270,000 155,000 24,000 9,000 16,000 96,000 $ 226,000 3/14/2020 Unit 7 - Spring 2020 - GLB/Fin Stmt Analysis (ACCT-311-01W) d. Pre-tax income